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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.03+0.8%Nov 14 9:30 AM EST
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To: Stock Farmer who wrote (49731)3/10/2001 8:48:35 AM
From: RetiredNow  Read Replies (1) of 77399
 
If you think about what it takes to double a company in size in 2 years, then it becomes obvious that this downturn is the best thing that could have happened to Cisco. There has got to be alot of dead weight in the company now, due to their quick ramp up over the last 2 years. You don't hire the top 10% that quickly, I guarantee you. So I'm glad they are weeding out the bottom feeders. Then also, these charges and cost tightening are all a first in the companies history. So this has been like a cold shower for Cisco. What amazes me is the rapidity with which they are making the changes. I think this is going to remake Cisco into a lean mean machine. So when the economy recovers and the other competitors are still stumbling, Cisco is going to come out of it with large market share gains. So the long term holders at that point are going to be glad they held on. Even better, the folks who are buying in right now are going to be very happy.

Of course, I personally am not going to buy anymore until Cisco warns that they are going to miss this quarter and then they announce the crappy quarter earnings. By then, we might very well hit $15, which will be the steal of the century. I'll buy in then for sure. And I'll start loading up the truck on every dip.
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